b. For the Year 5 fiscal year, ZZ, a not-for-profit organization, received $510,000 of unrestricted donations and $120,000 of donations designated specifically for cancer research. Unrestricted donations of $400,000 and restricted donations of $100,000 were expended in Year 5 for current operations and cancer research, respectively. ZZ uses the deferral method. How much of the donations should be reported as revenue in the statement of operations for the Year 5 fiscal year? 1) $500,000 2) $510,000 3) $610,000 4) $630,000